The Australian wool has recorded an overall positive result this week, pushing higher following four successive falls.
A traditionally quiet time of year for shearing in many parts of the country, this is also traditionally a quiet time of year on the wool auction front.
This week there were a total of 27,169 bales on offer nationally. This was the smallest national weekly total of the current season and the smallest since June last year (Week 49). In that week Fremantle was not in operation, the national offering was 26,897 bales. After this Week 49 figure, the next smallest sale was back in 2020.
The smaller offering attracted good widespread competition, pushing prices higher from the outset.
Although the strongest demand continued to be on the higher yielding lots, particularly those possessing favourable additional measurement (AM) results, with such a limited selection of these types, the lesser style types and wool with less favourable (AM) results also benefited from the rising market.
On the opening day, all the published individual AWEX Micron Price Guides (MPGs) across all three centres posted upward results.
The accompanying green numbering a welcome sight to many. The merino fleece MPGs added between 5 and 54 cents. The crossbred and skirting markets both trended higher.
The benchmark Eastern Market Indicator (EMI) added 10 cents for the day. This was the largest daily rise in the EMI in nine selling days. The EMI also managed a 2 cent US cent increase. This was the first time the EMI rose in both Australian (AUD) and US currency terms since 19 March.
On the second day the market again trended higher. The EMI rose again in both AUD and US terms, adding 4 and 3 cents respectively. The EMI finished the series 14 cents higher, closing at 1,203 cents.
Next week there is expected to be 28,346 bales on offer nationally.
Table showing wool prices to 23 May 2025
Graph showing Eastern Market Indicator (EMI) to 23 May 2025
For full details of auction sales, download the reports below.
The information contained in this article is given for the purpose of providing general information only, and while Elders has exercised reasonable care, skill and diligence in its preparation, many factors (including environmental and seasonal) can impact its accuracy and currency. Accordingly, the information should not be relied upon under any circumstances and Elders assumes no liability for any loss consequently suffered. If you would like to speak to someone for tailored advice relating to any of the matters referred to in this article, please contact Elders.
Read previous reports
Wool market update 16 May
Wool market update 9 May
Wool market update 2 May